This article examines a key proposal from the Insolvency and Bankruptcy Board of India’s (IBBI) 2023 Discussion Paper on real estate insolvency: the transfer of completed units to deserving homebuyers during the Corporate Insolvency Resolution Process (CIRP). While recent regulatory amendments enhanced homebuyer protection, the IBBI withheld implementing Proposal 3, which allowed property transfer by resolution professionals to allottees who fulfilled their contractual obligations. The article explores the rationale behind this proposal, the IBBI’s concerns—including voting thresholds, structural safety, and residual claims—and addresses them through a restructured regulatory framework. A “Final Proposed Amendment” is suggested, introducing phase-wise voting, structural safety checks, and full claim settlement upon possession. This proposed solution aims to reconcile stakeholders’ interests, streamline resolution, and protect homebuyers from disadvantageous liquidation outcomes. Ultimately, the article argues for adopting this reform to uphold homebuyers’ rights and promote equitable resolution in real estate insolvencies. Continue reading A Case for Transferring Property to Deserving Allottees during Real-Estate CIRP: Refurbishing IBBI’s Proposal